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Ethereum is facing its worst February in years, with prices plummeting as low as 25% amid mounting uncertainty. The cryptocurrency dumped to a multi-week low of just over $2,300 hours ago before staging a minor recovery. A Red February According to Spot on Chain, February is usually a bullish month for ETH, with only one red example in 2018. However, this year seems to be an exception. Macroeconomic factors, including new tariffs from U.S. President Donald Trump, are contributing to the instability. They have raised fears of a tighter global economic climate while also putting traditional markets under pressure. This has, in turn, impacted risk assets like crypto, pushing ETH into a sub-$2,400 level. A recent security breach on the Bybit exchange that resulted in the theft of $1.4 billion in crypto (mostly ETH) also contributed to market instability. In the immediate aftermath of the hack, ETH lost 7% of its value. Since then, the exchange has restored its reserves by securing 446,870 ETH through whale deposits, loans, and direct purchases. The company’s CEO, Ben Zhou, confirmed that it has fully recovered losses and is preparing an audited proof-of-reserves report to reassure users. However, this has done little to invigorate ETH, with the cryptocurrency struggling to break above $2,800, indicating persistent bearish pressure. ETH Down 14% in 24 Hours Earlier today, ETH dumped to $2,310 before recovering some ground to almost $2,400. Furthermore, the asset has failed to maintain key support levels in the last seven days, sparking concern about further declines. Looking at its monthly performance, ETH started February at $3,217 but has since lost more than $800 in value. Over the week, it fell 7.3%, amplifying bearish sentiment. Its 24-hour movement has not been much better, shaving off more than 14% of its daily high of $2,733 to its current price, per data from CoinGecko. Analysts have warned that with the altcoin failing to hold $2,400, its next major support lies at $2,250, potentially opening the door for further losses. Ethereum’s woes aren’t isolated. Bitcoin, the number one cryptocurrency by market capitalization, has also struggled, dropping below $90,000 despite Strategy (formerly MicroStrategy) recently buying a whopping $1.99 billion worth of the cryptocurrency. The post Ethereum (ETH) Price Sinks Below $2,400 Amid February Market Uncertainty appeared first on CryptoPotato.

Many cryptocurrencies have erased all the gains accumulated since the 2024 United States Presidential Election, with meme coins particularly affected, according to IntoTheBlock. In a recent tweet, the analytics firm highlighted that the meme coin market capitalization is nearing its November 2024 levels. Such a trend effectively depicted the undoing of the surge witnessed during the winter “meme coin season.” Meme Coin Meltdown The OG meme coin – Dogecoin (DOGE) – which rallied from around $0.20 before the election to a multi-year high of almost $0.5 following Donald Trump’s victory on November 5, 2024, has since retraced most of its gains. It is currently trading at $0.20 after this morning’s market-wide crash. Next up was Shiba Inu (SHIB), which experienced a similar trajectory as it plunged from December’s peak of $0.000033 to $0.0000133 – lower than the pre-election levels. Additionally, Pepe’s (PEPE) price more than halved from $0.0000264 in December to $0.00000575, marking a 78% decline over two months. Bonk (BONK), too, mirrored this trend, crashing from a December high of $0.000054 to $0.0000125 by late February. FLOKI’s (FLOKI) price tumbled from $0.00027 in late November to $0.000077 as of February 24th. Notably, dogwifhat (WIF) experienced a dramatic drop, plummeting over 89% from $4.20 shortly after the election to $0.51 at the time of writing. Bitcoin and XRP Retain Strong Post-Election Gains Despite the broader market downturn, Bitcoin (BTC) and XRP have managed to hold their post-election gains, distinguishing themselves from the steep declines across the meme coin sector. Bitcoin was trading near $65,400 before the election results and soared above $109,000 in January. Although it has pulled back, the leading crypto asset remains strong, currently trading near $90,000 – still over 42% above its November level. Similarly, XRP climbed from $0.706 in early November to $3.33 in January. Despite a subsequent decline to $2.21, the token remains up by a whopping 245% since the election period. Its rally has been propelled by growing anticipation over XRP ETFs, especially after the US Securities and Exchange Commission (SEC) recognized multiple filings in early February. However, it was Brazil that approved the world’s first spot XRP ETF. The fund, set to launch on the B3 exchange, will be managed by Hashdex with administrative support from Genial Investimentos. At the same time, the SEC is examining spot XRP ETF applications in the US from leading asset managers including 21Shares, Bitwise, Grayscale, and CoinShares. The divergence highlighted the trajectory maintained by established cryptocurrencies amidst heightened market volatility and profit-taking in speculative assets such as meme coins. The post DOGE, SHIB, PEPE Plummet: Meme Coins Erase Gains Despite Early Post-Election Hype appeared first on CryptoPotato.

Investors pulled $508 million from digital asset investment products last week, pushing two-week outflows to $924 million. This reversal comes after an 18-week period of inflows totaling $29 billion. CoinShares attributed the decline to market caution following the US Presidential inauguration, with concerns over trade tariffs, inflation, and monetary policies unsettling investors. The period also witnessed a weakening trading activity, with turnover plunging from $22 billion to $13 billion over the past two weeks. Investors Flock to XRP According to the latest volume of CoinShares’ Digital Asset Fund Flows Weekly Report, Bitcoin experienced significant outflows of $571 million as it remained the main focus for investors. Meanwhile, some traders increased their bearish bets, as short-Bitcoin products attracted $2.8 million in inflows over the week. Interestingly, investor interest in altcoins remained strong, as seen with XRP, which topped the list with $38.3 million in inflows last week. Since mid-November 2025, XRP has drawn $819 million, driven by hopes of a positive resolution in the US Securities and Exchange (SEC) case. The US SEC has also seen a notable increase in spot XRP ETF applications recently. Several financial firms, including Canary Capital, WisdomTree, Bitwise, CoinShares, and 21Shares, have submitted filings over the past few weeks. The securities regulator has already acknowledged these applications amidst growing demand for XRP-based exchange-traded products within the investment community. Meanwhile, Solana followed suit with $8.9 million, while Ethereum and Sui raked in $3.7 million and $1.47 million, respectively. Multi-asset products saw $3.1 million in inflows, whereas Litecoin and Cardano ended the week with modest inflows of $1.1 million and $0.1 million. $560M Exits US Markets The United States dominated regional flows with significant outflows totaling $560 million. A similar trend was seen across Hong Kong and Brazil as each recorded outflows of around $3 million. During the same period, Canada experienced a slight withdrawal of funds amounting to $2 million over the period. Europe, on the other hand, exhibited stronger investor confidence, as evidenced by steady inflows. For instance, Germany and Switzerland received $30.5 million and $15.8 million, respectively. Both Sweden and Australia attracted close to $5 million in inflows. The post XRP Leads Altcoin Inflows with $38.3M Amid Surging Investor Interest: CoinShares appeared first on CryptoPotato.

Under President Trump, the U.S. Securities and Exchange Commission has stopped investigating several cryptocurrency and decentralized finance firms, including Coinbase, OpenSea, Robinhood, and now Uniswap Labs. Uniswap Labs, the creator of Ethereum’s most traded decentralized exchange, is no longer facing legal action from the Securities and Exchange Commission as the agency’s Crypto Task Force overhauled enforcement actions from previous leadership. Uniswap was previously accused of facilitating unregistered securities trading on its multi-chain decentralized exchange, acting as an unregistered broker-dealer, and operating an illegal clearinghouse according to a 2024 Wells notice and lawsuit from the agency. The decentralized finance startup denied the allegations, as did several other firms facing similar charges. “If forced to litigate, we will win,” said Uniswap chief legal officer Marvin Ammori in May. In April, the SEC issued a Wells notice claiming that Uniswap Labs operated as an unregistered broker, operated an exchange, and issued an unregistered security As of yesterday, that investigation has officially been closed, and the SEC is taking no enforcement action This is a… Uniswap is the latest cryptocurrency firm to be granted relief from Securities and Exchange Commission scrutiny in 2025. The agency, through its newly formed Crypto Task Force, has also dropped cases against Coinbase and Robinhood . Investigations into non-fungible token marketplace OpenSea concluded with no further action. “They went after us despite having no clear legal basis,” said Uniswap Labs founder and CEO Hayden Adams on X, adding that the Securities and Exchange Commission attempted “to force decentralized finance into a regulatory framework that doesn’t fit.” The decision strengthened the regulatory outlook for decentralized finance and underscored the need for clearer rules, but Adams noted the toll the investigation had taken. This investigation took over 3 years, forcing us to waste incredible amounts of time and millions of dollars. It also had a personal impact — federal investigations are violating and stressful to the point where there is a saying among lawyers that “the investigation IS the punishment.” That shouldn’t be the price of innovation in the US. Hayden Adams, Uniswap Labs founder and CEO

In a recent interview on Bloomberg TV, Ledger CEO Pascal Gauthier, stressed the importance of robust security measures in the world of cryptocurrency. Citing the immutable nature of Bitcoin transactions, he warned that while Bitcoin itself is designed to be secure, the platforms where digital assets are stored—crypto exchanges—remain prime targets for hackers. “Where there is money, there will be hackers,” Gauthier asserted, emphasizing that as more funds flow into the system, the financial sector, including Bitcoin ( BTC ) and other cryptocurrencies, increasingly attracts malicious actors. The CEO explained that Bitcoin’s design inherently promotes self-custody, urging users not to leave their digital assets on exchanges where vulnerabilities exist. “Don’t leave your coins on an exchange,” he advised, noting that if users choose to do so, it is imperative that the exchange’s security measures are virtually impenetrable. He further elaborated that Ledger has dedicated the past 10 years to refining their security protocols, offering consumers a reliable way to store their cryptocurrency safely through self-custody solutions. Drawing parallels with traditional banking practices, the Ledger CEO noted that just as people deposit money in banks rather than keeping cash at home, secure alternatives to self-custody exist for digital assets. These remarks follow a major security breach that resulted in a $1.5 billion hack of Bybit on February 21. The attack targeted the exchange’s Ethereum cold wallet , with hackers bypassing multi-signature protocols. Blockchain analysts connected the breach to North Korea’s Lazarus Group, linked to high-profile cyber thefts. Gauthier stressed that Ledger’s technology —proven by selling eight million hardware wallets — provides a superior option compared to outdated methods, such as literally keeping money under one’s mattress.